Sandhill Corporation Income Statement for the Fiscal Year Ended July 31, 2017 Net sales Cost of products sold Gross profit Selling, general, and administrative expenses Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) $83,489 59,385 $24,104 10.640 1,208 $12,256 740 $11,516 4,031 $7,485 Sandhill Corporation Balance Sheet as of July 31, 2017 Assets Liabilities and Stockholders' Equity Cash and marketable securities $12,036 Accounts payable Accounts receivable 8,942 Accrued and other liabilities Inventory 10,150 Taxes payable Deferred income taxes 1,001 Debt due within one year Prepaid expenses & other receivables 3,195 Total current liabilities Total current assets $35,324 Property, plant, and equipment, at cost 71.212 Long-term debt Less: Accumulated depreciation 25,303 Deferred income taxes Net property, plant, and equipment $45,909 Other non-current liabilities Net goodwill and other intangible assets 18,550 Total liabilities Common stock Retained earnings $8,420 7,475 6,364 14,227 $36,486 27.680 7.869 6,393 $78,428 4,180 17.175 Accrued and other liabilities Taxes payable Debt due within one year Total current liabilities 7,475 6,364 14,227 $36,486 Accounts receivable Inventory Deferred income taxes Prepaid expenses & other receivables Total current assets Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets 8,942 10.150 1.001 3,195 $35.324 71.212 25,303 $45,909 18.550 Long-term debt Deferred income taxes Other non-current liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 27,680 7.869 6,393 $78,428 4.180 17,175 21,355 $99.783 Total assets $99,783 What are the company's current ratio and quick ratio? (Round answers to 2 decimal places, eg 52.75.) Current ratio Quick ratio